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has been budget director in both the obama and clinton administrations. he will pray a major role of course in negotiations over the debt ceiling and potential spending cuts. the president will make his announcement at 1:30 eastern. it's an event in the east room at the white house. i have to say off the bat just because he's a forest hills guy like me that i, you know, may be a little affinity, we grew up in the same town. >> that alone could be good. >> different generation. >> maybe a technocrat is what's necessary. no one tells me this guy is acrimonious. the talks may have been. but when we're trying to figure out what to cut, maybe you just need a guy who knows his way around the budget as opposed to a federal reserve guy. i thought tim geithner did a great job, though, and i know i find myself in the minority on that, but he came to the rescue of the system in apparel husband time and i think he good a remarkable job. >> jack lew is well respected by both sides of the aisle. and also portrayed as chief tormenter to the republicans. bob woodward in his book quoted john boehn
" this morning. that notes that obama's new administration looks to be basically all male. there is a concern that women are underrepresented. how would you respond to that criticism? >> well, i would agree with that somewhat. we saw valerie on the front page. within the white house. she's the only senior woman. i have a lot of respect for her. but it would be nice to see more diversity, both in the cabinet and in the white house. so i hope this is something that they've focused on going forward. with that said, you know, you need to look at qualifications, too, and people that the president has confidence in. but i would like to see more women. perhaps in the white house, internally in the white house. >> sheila, are you joining us on a week where major banks are putting even more legacy problems behind them to some degree? varying degrees. we've seen what the stocks have done in the past year. we've seen them leading things like the dow. are you surprised or impressed by their progress? >> well, i'm relieved. i still think there are a lot of challenges ahead. the mega banks stocks continue
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